In the first week following the geocosmic center mass of the Cardinal Climax, and the first week of the new Mercury retrograde cycle (August 20-September 12), equity markets around the world continued their sell-off, and then appeared to reverse at the very end of the week. Yet what may be more interesting is how many economic leaders are changing their tune about the future of the economy since going through that midsection of the Cardinal Climax, July 21-August 21.

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The world didn’t end. But I do believe political and economic leaders of the world (particularly here in the USA) made critical decisions during this time band that will reshape the balance of power in the world over the coming decade, and perhaps several decades. The most notable decisions in this regard included the passage of the Financial Regulatory Reform Bill on July 21, and the August 10 decision of the Federal Reserve Board to resume purchases of U.S. Treasuries to keep long-term interest rates down (along with their short-term Fed funds rate), instead of commencing an“exit strategy” to draw down its hugely inflated balance sheet since the crisis of 2008.

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The Federal Reserve Board’s decision last Tuesday to resume buying U.S. Treasuries (but not mortgage backed securities) instead of drawing down its post-2007 triple-sized bloated balance sheet, is at least the third major development that has occurred within the midsection of the Cardinal Climax, July 21-August 21.

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The midsection of the Cardinal Climax correlated with powerful developments in nature last week. Monsoons in Pakistan have killed hundreds of people, and in China, rains have recently displaced over one million people. A record heat wave in Europe has led to fires and soaring Wheat prices as Russia has now banned all exports of the grain.

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The world didn’t end yet. And nothing really earth-shattering has taken place (yet) as we complete the first full week in the midsection of the Cardinal Climax that takes place during the sign of Leo, July 21-August 21.

Is it possible that we go through this entire time band without a single dramatic and defining event that marks this as something of a spectacular period?

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